Certificateholder Distribution Summary for SMT Series 2003-1 (April 30, 2004 Record Date) Administered by Wells Fargo Bank Minnesota, N.A.

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Summary

This document is a distribution summary for certificateholders of the SMT Series 2003-1, prepared by Wells Fargo Bank Minnesota, N.A. It details the interest and principal payments made to holders of various classes of certificates as of April 30, 2004, with distributions occurring on May 20, 2004. The summary includes beginning and ending balances, distribution amounts, and realized losses for each class. All calculations are made in accordance with the Pooling and Servicing Agreement, and no realized losses are reported for this period.

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EX-10.1 2 f99536bexv10w1.txt EXHIBIT 10.1 EXHIBIT 10.1 CONTACT: CUSTOMER SERVICES -- CTSLINK WELLS FARGO BANK MINNESOTA, N.A. SECURITIES ADMINISTRATION SERVICES 7485 NEW HORIZON WAY FREDERICK, MD 21703 WWW.CTSLINK.COM TELEPHONE: (301) 815-6600 FAX: (301) 315-6660 SMT SERIES 2003-1 RECORD DATE: APRIL 30, 2004 DISTRIBUTION DATE: MAY 20, 2004 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Beginning Class Certificate Pass- Certificate Interest Principal Current Ending Certificate Class CUSIP Description Through Rate Balance Distribution Distribution Realized Loss Balance - --------------------------------------------------------------------------------------------------------------------------------- 1A 81743PAA4 SEN 1.48000% 678,787,911.93 837,171.76 11,497,301.55 0.00 667,290,610.38 2A 81743PAB2 SEN 1.57000% 160,610,030.23 210,131.46 1,993,802.48 0.00 158,616,227.75 X-1A 81743PAC0 IO 0.91778% 0.00 119,633.61 0.00 0.00 0.00 X-1B 81743PAD8 IO 1.18158% 0.00 514,347.55 0.00 0.00 0.00 X-2 81743PAE6 IO 1.09876% 0.00 147,060.03 0.00 0.00 0.00 X-B 81743PAF3 IO 0.63386% 0.00 8,401.24 0.00 0.00 0.00 A-R 81743PAG1 R 2.74379% 0.00 0.00 0.00 0.00 0.00 B-1 81743PAH9 SUB 1.98000% 15,905,000.00 26,243.25 0.00 0.00 15,905,000.00 B-2 81743PAJ5 SUB 2.61386% 8,210,000.00 17,883.14 0.00 0.00 8,210,000.00 B-3 81743PAK2 SUB 2.61386% 5,644,000.00 12,293.84 0.00 0.00 5,644,000.00 B-4 SEQ0301B4 SUB 2.61386% 2,565,000.00 5,587.12 0.00 0.00 2,565,000.00 B-5 SEQ0301B5 SUB 2.61386% 1,539,000.00 3,352.27 0.00 0.00 1,539,000.00 B-6 SEQ0301B6 SUB 2.61386% 4,105,618.00 8,942.91 0.00 0.00 4,105,618.00 - --------------------------------------------------------------------------------------------------------------------------------- Totals 877,366,560.16 1,911,048.18 13,491,104.03 0.00 863,875,456.13 - ---------------------------------------------------------------------------------------------------------------------------------
Certificate Class Total Cumulative Class CUSIP Description Distribution Realized Loss - ------------------------------------------------------------ 1A 81743PAA4 SEN 12,334,473 0.00 2A 81743PAB2 SEN 2,203,933.94 0.00 X-1A 81743PAC0 IO 119,633.61 0.00 X-1B 81743PAD8 IO 514,347.55 0.00 X-2 81743PAE6 IO 147,060.03 0.00 X-B 81743PAF3 IO 8,401.24 0.00 A-R 81743PAG1 R 0.00 0.00 B-1 81743PAH9 SUB 26,243.25 0.00 B-2 81743PAJ5 SUB 17,883.14 0.00 B-3 81743PAK2 SUB 12.293.84 0.00 B-4 SEQ0301B4 SUB 5,587.12 0.00 B-5 SEQ0301B5 SUB 3,352.27 0.00 B-6 SEQ0301B6 SUB 8,942.91 0.00 - -------------------------------------------------------- Totals 15,402,152.21 0.00 - --------------------------------------------------------
All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee. PRINCIPAL DISTRIBUTION STATEMENT
Beginning Scheduled Unscheduled Original Face Certificate Principal Principal Realized Total Principal Ending Certificate Class Amount Balance Distribution Distribution Accretion Loss (1) Reduction Balance - -------------------------------------------------------------------------------------------------------------------------------- 1A 798,206,000.00 678,787,911.93 0.00 11,497,301.55 0.00 0.00 11,497,301.55 667,290,610.38 2A 190,000,000.00 160,610,030.23 0.00 1,993,802.48 0.00 0.00 1,993,802.48 158,616,227.75 X-1A 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 X-1B 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 X-2 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 X-B 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 A-R 100.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 B-1 15,905,000.00 15,905,000.00 0.00 0.00 0.00 0.00 0.00 15,905,000.00 B-2 8,210,000.00 8,210,000.00 0.00 0.00 0.00 0.00 0.00 8,210,000.00 B-3 5,644,000.00 5,644,000.00 0.00 0.00 0.00 0.00 0.00 5,644,000.00 B-4 2,565,000.00 2,565,000.00 0.00 0.00 0.00 0.00 0.00 2,565,000.00 B-5 1,539,000.00 1,539,000.00 0.00 0.00 0.00 0.00 0.00 1,539,000.00 B-6 4,105,618.00 4,105,618.00 0.00 0.00 0.00 0.00 0.00 4,105,618.00 - ------------------------------------------------------------------------------------------------------------------------------ Totals 1,026,174,718.00 877,366,560.16 0.00 13,491,104.03 0.00 0.00 13,491,104.03 863,875,456.13 - ------------------------------------------------------------------------------------------------------------------------------
Ending Certificate Total Principal Class Percentage Distribution - ------------------------------------------- 1A 0.83598797 11,497,301.55 2A 0.83482225 1,993,802.48 X-1A 0.00000000 0.00 X-1B 0.00000000 0.00 X-2 0.00000000 0.00 X-B 0.00000000 0.00 A-R 0.00000000 0.00 B-1 1.00000000 0.00 B-2 1.00000000 0.00 B-3 1.00000000 0.00 B-4 1.00000000 0.00 B-5 1.00000000 0.00 B-6 1.00000000 0.00 - ------------------------------------------ Totals 0.84184052 13,491,104.03 - ------------------------------------------
(1) Amount does not include excess special hazard, bankruptcy, or fraud losses unless otherwise disclosed. Please refer to the prospectus supplement for a full description. PRINCIPAL DISTRIBUTION FACTORS STATEMENT
Beginning Scheduled Unscheduled Original Face Certificate Principal Principal Realized Total Principal Class Amount Balance Distribution Distribution Accretion Loss (3) Reduction - ---------------------------------------------------------------------------------------------------------------------- 1A 798,206,000.00 850.39189373 0.00000000 14.40392775 0.00000000 0.00000000 14.40392775 2A 190,000,000.00 845.31594858 0.00000000 10.49369726 0.00000000 0.00000000 10.49369726 X-1A 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-1B 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 15,905,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-2 8,210,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-3 5,644,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-4 2,565,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-5 1,539,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-6 4,105,618.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
Ending Certificate Ending Certificate Total Principal Class Balance Percentage Distribution - ------------------------------------------------------------------- 1A 835.98796599 0.83598797 14.40392775 2A 834.82225132 0.83482225 10.49369726 X-1A 0.00000000 0.00000000 0.00000000 X-1B 0.00000000 0.00000000 0.00000000 X-2 0.00000000 0.00000000 0.00000000 X-B 0.00000000 0.00000000 0.00000000 A-R 0.00000000 0.00000000 0.00000000 B-1 1000.00000000 1.00000000 0.00000000 B-2 1000.00000000 1.00000000 0.00000000 B-3 1000.00000000 1.00000000 0.00000000 B-4 1000.00000000 1.00000000 0.00000000 B-5 1000.00000000 1.00000000 0.00000000 B-6 1000.00000000 1.00000000 0.00000000
(3) Amount does not include excess special hazard, bankruptcy, or fraud losses unless otherwise disclosed. Please refer to the prospectus supplement for a full description. INTEREST DISTRIBUTION STATEMENT
Beginning Payment of Non- Certificate/ Current Unpaid Current Supported Original Face Current Notional Accrued Interest Interest Interest Realized Class Amount Certificate Rate Balance Interest Shortfall Shortfall Shortfall Loss (4) - --------------------------------------------------------------------------------------------------------------------- 1A 798,206,000.00 1.48000% 678,787,911.93 837,171.76 0.00 0.00 0.00 0.00 2A 190,000,000.00 1.57000% 160,610,030.23 210,131.46 0.00 0.00 0.00 0.00 X-1A 0.00 0.91778% 156,420,738.96 119,633.61 0.00 0.00 0.00 0.00 X-1B 0.00 1.18158% 522,367,173.96 514,347.55 0.00 0.00 0.00 0.00 X-2 0.00 1.09875% 160,610,030.23 147,060.03 0.00 0.00 0.00 0.00 X-B 0.00 0.63386% 15,905,000.00 8,401.24 0.00 0.00 0.00 0.00 A-R 100.00 2.74379% 0.00 0.00 0.00 0.00 0.00 0.00 B-1 15,905,000.00 1.98000% 15,905,000.00 26,243.25 0.00 0.00 0.00 0.00 B-2 8,210,000.00 2.61386% 8,210,000.00 17,883.14 0.00 0.00 0.00 0.00 B-3 5,644,000.00 2.61386% 5,644,000.00 12,293.84 0.00 0.00 0.00 0.00 B-4 2,565,000.00 2.61386% 2,565,000.00 5,587.12 0.00 0.00 0.00 0.00 B-5 1,539,000.00 2.61386% 1,539,000.00 3,352.27 0.00 0.00 0.00 0.00 B-6 4,105,618.00 2.61386% 4,105,618.00 8,942.91 0.00 0.00 0.00 0.00 - ------------------------------------------------------------------------------------------------------------------- Totals 1,026,174,718.00 1,911,048.18 0.00 0.00 0.00 0.00 - ------------------------------------------------------------------------------------------------------------------- Remaining Ending Unpaid Certificate/ Total Interest Interest Notational Class Distribution Shortfall Balance - --------------------------------------------------- 1A 837,171.76 0.00 667,290,610.38 2A 210,131.46 0.00 158,616,227.75 X-1A 119,633.61 0.00 154,475,144.37 X-1B 514,347.55 0.00 512,815,467.00 X-2 147,060.03 0.00 158,616,227.75 X-B 8,401.24 0.00 15,905,000.00 A-R 0.00 0.00 0.00 B-1 26,243.25 0.00 15,905,000.00 B-2 17,883.14 0.00 8,210,000.00 B-3 12,293.84 0.00 5,644,000.00 B-4 5,587.12 0.00 2,565,000.00 B-5 3,352.27 0.00 1,539,000.00 B-6 8,942.91 0.00 4,105,618.00 - --------------------------------------------------- Totals 1,911,048.18 0.00 - ---------------------------------------------------
(4) Amount does not include excess special hazard, bankruptcy, or fraud losses unless otherwise disclosed. Please refer to the prospectus supplement for a full description. INTEREST DISTRIBUTION FACTORS STATEMENT
Payment of Non- Current Beginning Unpaid Current Supported Class Original Face Certificate Certificate/ Current Accrued Interest Interest Interest Realized (5) Amount Rate Notional Balance Interest Shortfall Shortfall Shortfall Loss (6) - --------------------------------------------------------------------------------------------------------------------------- 1A 798,206,000.00 1.48000% 850.39189373 1.04881667 0.00000000 0.00000000 0.00000000 0.00000000 2A 190,000,000.00 1.57000% 845.31594858 1.10595505 0.00000000 0.00000000 0.00000000 0.00000000 X-1A 0.00 0.91778% 853.92686211 0.65309980 0.00000000 0.00000000 0.00000000 0.00000000 X-1B 0.00 1.18158% 849.33905043 0.83629960 0.00000000 0.00000000 0.00000000 0.00000000 X-2 0.00 1.09876% 845.31594858 0.77400016 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 0.63386% 1000.00000000 0.52821377 0.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 2.74379% 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 15,905,000.00 1.98000% 1000.00000000 1.65000000 0.00000000 0.00000000 0.00000000 0.00000000 B-2 8,210,000.00 2.61386% 1000.00000000 2.17821437 0.00000000 0.00000000 0.00000000 0.00000000 B-3 5,644,000.00 2.61386% 1000.00000000 2.17821403 0.00000000 0.00000000 0.00000000 0.00000000 B-4 2,565,000.00 2.61386% 1000.00000000 2.17821442 0.00000000 0.00000000 0.00000000 0.00000000 B-5 1,539,000.00 2.61386% 1000.00000000 2.17821313 0.00000000 0.00000000 0.00000000 0.00000000 B-6 4,105,618.00 2.61386% 1000.00000000 2.17821288 0.00000000 0.00000000 0.00000000 0.00000000 Remaining Unpaid Class Total Interest Interest Ending Certificate/ (5) Distribution Shortfall Notational Balance - ----------------------------------------------------------- 1A 1.04881667 0.00000000 835.98796599 2A 1.10595505 0.00000000 834.82225132 X-1A 0.65309980 0.00000000 843.30553725 X-1B 0.83629960 0.00000000 833.80852300 X-2 0.77400016 0.00000000 834.82225132 X-B 0.52821377 0.00000000 1000.00000000 A-R 0.00000000 0.00000000 0.000000000 B-1 1.65000000 0.00000000 1000.00000000 B-2 2.17821437 0.00000000 1000.00000000 B-3 2.17821403 0.00000000 1000.00000000 B-4 2.17821442 0.00000000 1000.00000000 B-5 2.17821313 0.00000000 1000.00000000 B-6 2.17821288 0.00000000 1000.00000000
(5) Per $1 denomination (6) Amount does not include excess special hazard, bankruptcy, or fraud losses unless otherwise disclosed. Please refer to the prospectus supplement for a full description. CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 15,684,503.91 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 2,556.77 Realized Losses 0.00 Prepayment Penalties 0.00 ------------- Total Deposits 15,687,060.68 Withdrawals Reimbursement for Servicer Advances 1,868.97 Payment of Service Fee 283,039.51 Payment of Interest and Principal 15,402,152.20 ------------- Total Withdrawals (Pool Distribution Amount) 15,687,060.68 Ending Balance 0.00 =============
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 0.00 Servicing Fee Support 0.00 ---- Non-Supported Prepayment Curtailment Interest Shortfall 0.00 ====
SERVICING FEES Gross Servicing Fee 275,728.12 Master Servicing Fee 7,311.39 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 283,039.51 ==========
Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance - ----------------------------------------------------------------------------------------------------- Class X-1 Reserve Fund Sub Account 5,000.00 0.00 0.00 5,000.00 Class X-2 Reserve Fund Sub Account 2,500.00 0.00 0.00 2,500.00 Class X-B Reserve Fund Sub Account 2,500.00 0.00 0.00 2,500.00
LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT
DELINQUENT BANKRUPTCY FORECLOSURE - ------------------------------------- --------------------------------- ---------------------------------- No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance 0-29 Days 0 0.00 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 0 0.00 30 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 60 Days 0 0.00 60 Days 0 0.00 90 Days 1 499,843.75 90 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 1 275,900.00 180+ Days 0 0.00 180+ Days 1 280,250.00 ----------------------- -------------------- ----------------------- 2 775,743.75 0 0.00 1 280,250.00 No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.040177% 0.057860% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.040177% 0.031937% 180+ Days 0.000000% 0.000000% 180+ Days 0.040177% 0.032441% ----------------------- -------------------- ----------------------- 0.080354% 0.089797% 0.000000% 0.000000% 0.040177% 0.032441%
REO TOTAL - ---------------------------------- ------------------------------------ No. of Principal No. of Principal Loans Balance Loans Balance 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 90 Days 1 499,843.75 120 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 2 556,150.00 -------------------- ------------------------ 0 0.00 3 1,055,993.75 No. of Principal No. of Principal Loans Balance Loans Balance 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.040177% 0.057860% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.080354% 0.064378% -------------------- ------------------------ 0.000000% 0.000000% 0.120530% 0.122238%
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 2,556.77
Original $ Original% Current $ Current % Current Class % Prepayment % ---------- --------- --------- --------- --------------- ------------ Class A 1,026,174,618.00 99.99999026% 863,875,456.13 100.00000000% 95.604850% 0.000000% Class 1A 227,968,618.00 22.21538048% 196,584,845.75 22.75615592% 77.243844% 1,757.479322% Class 2A 37,968,618.00 3.70001495% 37,968,618.00 4.39514952% 18.361006% 417.756126% Class X-1-A 37,968,618.00 3.70001495% 37,968,618.00 4.39514952% 0.000000% 0.000000% Class X-1-B 37,968,618.00 3.70001495% 37,968,618.00 4.39514952% 0.000000% 0.000000% Class X-2 37,968,618.00 3.70001495% 37,968,618.00 4.39514952% 0.000000% 0.000000% Class B-1 22,063,618.00 2.15008396% 22,063,618.00 2.55402765% 1.841122% 41.889858% Class B-2 13,853,618.00 1.35002527% 13,853,618.00 1.60365917% 0.950368% 21.623120% Class B-3 8,209,618.00 0.80002146% 8,209,618.00 0.95032426% 0.653335% 14.864908% Class B-4 5,644,618.00 0.55006403% 5,644,618.00 0.65340646% 0.296918% 6.755579% Class B-5 4,105,618.00 0.40008957% 4,105,618.00 0.47525578% 0.178151% 4.053347% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.475256% 10.813188%
Please refer to the prospectus supplement for a full description of loss exposure DELINQUENCY STATUS BY GROUP POOL 1
DELINQUENT BANKRUPTCY FORECLOSURE - ------------------------------------- --------------------------------- ---------------------------------- No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance 0-29 Days 0 0.00 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 0 0.00 30 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 60 Days 0 0.00 60 Days 0 0.00 90 Days 1 499,843.75 90 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 1 275,900.00 180+ Days 0 0.00 180+ Days 1 280,250.00 ---------------------- -------------------- ---------------------- 2 775,743.75 0 0.00 1 280,250.00 No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.050201% 0.071614% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.050201% 0.039529% 180+ Days 0.000000% 0.000000% 180+ Days 0.050201% 0.040152% ---------------------- -------------------- ---------------------- 0.100402% 0.111144% 0.000000% 0.000000% 0.050201% 0.040152%
REO TOTAL - ---------------------------------- ------------------------------------- No. of Principal No. of Principal Loans Balance Loans Balance 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 90 Days 1 499,843.75 120 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 2 556,150.00 -------------------- ------------------------ 0 0.00 3 1,055,993.75 No. of Principal No. of Principal Loans Balance Loans Balance 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.050201% 0.071614% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.100402% 0.079682% -------------------- ------------------------ 0.000000% 0.000000% 0.150602% 0.151296%
POOL 2
DELINQUENT BANKRUPTCY FORECLOSURE - ------------------------------------- --------------------------------- ---------------------------------- No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance 0-29 Days 0 0.00 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 0 0.00 30 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 60 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 -------------------- -------------------- --------------------- 0 0.00 0 0.00 0 0.00 No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------------------- -------------------- --------------------- 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
REO TOTAL - ---------------------------------- --------------------------------- No. of Principal No. of Principal Loans Balance Loans Balance 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 ------------------- -------------------- 0 0.00 0 0.00 No. of Principal No. of Principal Loans Balance Loans Balance 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% ------------------- -------------------- 0.000000% 0.000000% 0.000000% 0.000000%
COLLATERAL STATEMENT
Collateral Description Mixed Arm Weighted Average Gross Coupon 3.000918% Weighted Average Net Coupon 2.623797% Weighted Average Pass-Through Rate 2.613797% Weighted Average Maturity (Stepdown Calculation) 312 Beginning Scheduled Collateral Loan Count 2,522 Number of Loans Paid in Full 33 Ending Scheduled Collateral Loan Count 2,489 Beginning Scheduled Collateral Balance 877,366,560.16 Ending Scheduled Collateral Balance 863,875,456.13 Ending Actual Collateral Balance at 30-Apr-2004 863,882,353.20 Monthly P&I Constant 2,194,087.67 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 15,319,448.43 Ending Scheduled Balance for Premium Loans 863,875,456.13 Scheduled Principal 0.00 Unscheduled Principal 13,491,104.03
MISCELLANEOUS REPORTING Cap Agreement Deposit - 1 month Libor Loan 0 Cap Agreement Deposit - 6 month Libor Loan 0
GROUP 1 2 TOTAL 6 Month Collateral Description Mixed ARM LIBOR ARM Mixed ARM Weighted Average Coupon Rate 2.988412 3.053761 3.000918 Weighted Average Net Rate 2.610788 2.678761 2.623797 Pass-Through Rate 2.600788 2.668761 2.613797 Weighted Average Maturity 310 318 312 Record Date 04/30/2004 04/30/2004 04/30/2004 Principal and Interest Constant 1,766,790.49 427,297.18 2,194,087.67 Beginning Loan Count 2,019 503 2,522 Loans Paid in Full 27 6 33 Ending Loan Count 1,992 497 2,489 Beginning Scheduled Balance 709,456,687.93 167,909,872.23 877,366,560.16 Ending Scheduled Balance 697,959,386.38 165,916,069.75 863,875,456.13 Scheduled Principal 0.00 0.00 0.00 Unscheduled Principal 11,497,301.55 1,993,802.48 13,491,104.03 Scheduled Interest 1,766,790.49 427,297.18 2,194,087.67 Servicing Fee 223,256.28 52,471.84 275,728.12 Master Servicing Fee 5,912.14 1,399.25 7,311.39 Trustee Fee 0.00 0.00 0.00 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 0.00 0.00 0.00 Pool Insurance Fee 0.00 0.00 0.00 Spread 1 0.00 0.00 0.00 Spread 2 0.00 0.00 0.00 Spread 3 0.00 0.00 0.00 Net Interest 1,537,622.07 373,426.09 1,911,048.16 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.00 0.00 0.00 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00
MISCELLANEOUS REPORTING Group Pool 1 One Month Libor Loan Balance 161,574,844.82 Six Month Libor Loan Balance 536,384,541.56 Senior Percent 100.000000% Senior Prepayment Percent 100.000000% Subordinate Percent 0.000000% Subordinate Prepayment Percent 0.000000% Group Pool 2 Six Month Libor Loan Balance 165,916,069.75 Senior Percent 100.000000% Senior Prepayment Percent 100.000000% Subordinate Percent 0.000000% Subordinate Prepayment Percent 0.000000%